Wiki Biography of Kwek Leng Beng
Kwek Leng Beng is a Singaporean businessman who was born in 1940 and is of Hokkien Chinese origin. He is best known to the world as the chairman of the Hong Leong Group Singapore, a trade company he created in the early 1960s and became chairman of in 1990.
Have you ever wondered how wealthy Kwek Leng Beng is right now, in the middle of 2016? Kwek Leng Beng’s net worth is believed to be at least $3.4 billion, according to credible sources, an amount gained via his career as a businessman, which fluctuates daily stock exchange movements.
Kwek Leng Beng has a net worth of $3.4 billion dollars.
Kwek’s early life is unknown, however his father, Kwek Hong Png, formed the Hong Leong business. Slowly, the company grew and prospered, allowing Kwek to attend private schools abroad, one of which was a law school in London; however, he never practiced law and instead joined the family business. Kwek began to work his way up the corporate ladder, eventually reaching the position of chairman in 1990. Since then, he has led the company to become one of Asia’s largest trading conglomerates.
The Hong Leon Group today controls 14 businesses in a variety of industries, including finance, trading, real estate, manufacturing, infrastructure development, and others. Hume Cemboard Industries, Hong Leong Bank, Guoco Group, Malaysian Newsprint Industries, and HLG Capital are among the Hong Leong Group’s subsidiaries. The Hong Leon group is credited with developing 20% of Singapore’s present island.
Kwek’s net worth has profited from his various endeavors, including his chairmanship of Millennium & Copthorne Hotels, which operates 120 hotels in 19 countries around the world. According to sources, the company’s annual revenue is over $850 million. He is also the owner of City Developments Limited, a hotel and real estate conglomerate with operations in more than 20 countries across Asia, Europe, Australia, and North America. The company has over 250 subsidiaries, which only helps Kwek’s business and raises his net worth, with group assets of over $40 billion and over 40,000 people globally.
Kwek is a member of the board of trustees of Singapore Management University and has received an honorary doctorate from Oxford Brookes University, to name a few of his accomplishments. Kwek Leng Beng is in charge of Hong Leong Group’s Singapore operations, while his relative Quek Leng Chan is in charge of operations in Malaysia. Kwek is married to Cecilia Kok Phooi Lin, with whom he has two children who are already extensively interested in business and investing.
|Net Worth||$3.4 Billion|
|Date Of Birth||1940|
|Place Of Birth||Singapore|
|Education||University of London|
|Spouse||Cecilia Kok Phooi Lin|
|Children||Sherman Kwek, Kingston Kwek|
|Parents||Kwek Hong Png|
|Siblings||Kwek Geok Luan, Kwek Lee Hoon, Leng Joo Kwek, Kwek Bee Heong|